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$SPY : Good Point For Reversal , Lower TL Tested.

|Includes: SPDR S&P 500 Trust ETF (SPY)

Price structure was bearish into the close on Friday, and now has broken down impulsively... The weekly candle opened up 15 points below the close on Friday, this may change targets for the month as I base my targets on the open for the week (assumed the close would be the open).

There are no buy signals yet however this is a good spot for a reversal to happen, otherwise something more bearish will be unfolding, opening the doors to 1810-1820 by mid week...